Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. quality assurance question 3 question 3 [17]

quality assurance question 3 QUESTION 3 [17] - GA2...

60.1K

Verified Solution

Question

Accounting

quality assurance
question 3
image
QUESTION 3 [17] - GA2 (17 Interpretation of data). Moir recently launched a new-flavoured pudding. The marketing manager now wants to assess the product's success in the marketplace. If average sales per week are less than R5 500 per outlet, the product will be withdrawn. The results from a sample of 18 supermarket outlets countrywide showed that average sales per week were R5275, with a sample standard deviation of R788. Assume weekly sales are normally distributed. Advise the new marketing manager if the new pudding flavour should be withdrawn or not? (a) Formulate the null and alternative hypothesis. (b) Perform a hypothesis test for a single mean at the 10% level of significance. (c) What statistical and management conclusions can be drawn? (9) (4)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

a) Calculate, in units ofℏ, the magnitude of the maximum total (orbital+spin) angular momentum for an...

Biology
1.2K views

Which of the following is not involved in the step that occurs between glycolysis and...

Biology
1.2K views

Tragedy of Romeo and Juliet what penalty does Prince Escalus threaten if further violence breaks...

Basic Math
1.2K views

6 Suppose you have a clothes dryer that uses 4000 watts of power and you...

Statistics
1.2K views

2 10 pts We are told that 67 of the Missoula population has been skiing...

Calculus
1.2K views

Consider the following function.f(x) = x - 4x(a) Find the critical numbers of f. (Enter...

Calculus
1.2K views

Find the Riemann sum for f(x) = x - 1, -6 ? x ? 4,...

Algebra
1.2K views

Synthetic Division 500 Question Use synthetic division to evaluate f x 4x 3 27x 2...

Accounting
1.2K views

Juno Co. issues a 90 day note for $100.000 to Thor Co. for merchandise inventory...

Accounting
1.2K views

QUESTION 8 1. Journalize the following transactions for Armour Inc. using both the periodic inventory...

Accounting
1.2K views

Prepare General Journal Entries for the following transactions. Then post the journal entries to the...

Finance
1.2K views

An investment has a cost of $2500. The investment will have a payout of X...